KaiCell Fibers informed that the company plans to complete its previously announced feasibility study (FS) for bio-products mill project in Paltamo by the summer of 2017.
Jukka Kantola, KaiCell Fibers’s CEO, commented:
“The game is getting serious now and we have to adapt accordingly. The project has been under development since 2015, and we are now reaching the stage where decisive steps are taken to ensure that the mill becomes a reality.
I am happy to say that we have up to now been able to fully adhere to our internal timetable, and there is every reason to believe that we can follow through in the same manner.”
Earlier KaiCell Fibers appointed Eero Koskelainen to the company’s Board of Directors.
About Kaicell Fibers Oy:
The company is a development establishment of the Regional Council of Kainuu and NC Capital Partners Ltd. New partner, a local agricultural and forestry foundation, joined to the company in spring 2016. The mission of the company is to find investors and to create high pulp processing for Kainuu’s softwood.